7 Bank FX Tricks

7 Bank FX Tricks

  10 Bank FX Tricks 1. They hide fees Banks boost their profits by hiding an excessive fee inside the exchange rate (known as the spread) and then often adding large payment fees on top of that. 2. They take advantage of their size Rather than lower their costs...
Doing Business in Exotic Currencies

Doing Business in Exotic Currencies

What is an exotic currency? An exotic currency is not commonly traded on global currency markets. They are illiquid (i.e. there are not as many buyers and sellers for them) and come from developing countries. Their value can fluctuate wildly against other currencies...

Eiger FX is a trading name of Eiger Foreign Exchange Limited which is authorised by the Financial Conduct Authority under the Payment Service Regulations 2009 for the provision of payment services. Our registration number is 533391. Eiger Foreign Exchange Limited is regulated by HM Revenue and Customs under the Money Laundering Regulations 2007. Our registration number is 12621485. Eiger Foreign Exchange Limited is a private limited company registered in England & Wales number 07386073. Our registered office is 22 Calvin Street, London, E1 6HF